Connect with us

Business

Borno: Aliko Dangote Foundation donates N1bn to Maiduguri Flood Victims  

Published

on

Borno: Aliko Dangote Foundation donates N1bn to Maiduguri Flood Victims

Presidential Committee on Flooding also donates N1bn

 

Chairman of Aliko Dangote Foundation (ADF) and Chairman, National Committee on Flood Relief and Rehabilitation, Mr. Aliko Dangote, has donated a whopping sum of one billion Naira to help assuage the pains of the Maiduguri flood victims in Borno State.

 

The Presidential Committee on Flood Relief and Rehabilitation (PCFRR), which Dangote heads, also donated another sum of one billion naira to the cause, to help the Maiduguri victims of the flooding.

 

During an on-the-spot inspection of the disaster-stricken areas on Friday, Dangote, who is also the President and Chief Executive of the Dangote Industries Limited, empathised with the victims and rallied for support from other Nigerians and willing stakeholders.

 

Speaking on the flooding incident, Dangote described the sight as “mindboggling”, and exclaimed that he has “never seen a disaster of this scale before.”

 

He said, “I am moved with pity; I have never seen a disaster of this magnitude before. The state needs urgent help and intervention from well-meaning Nigerians and stakeholders.

 

“A lot of infrastructural development needs to be done; the houses and roads need urgent attention for people to get their lives back. Again, we are asking that corporate organisations need to intervene and provide succour in every way possible as the government cannot do it alone.”

 

In his remarks, Borno State governor, Babagana Zulum, appreciated Dangote’s support, stating that he has contributed immensely into the development of the state.

He added that he was not surprised to see the business mogul visit the disaster area as a solidarity gesture. He called on well-meaning Nigerians to emulate Mr. Dangote in his charitable contributions.

 

Recall that the flood, has displaced over a million residents and about 30 persons have been confirmed dead.

 

The Director-General of the Borno State Emergency Management Agency (SEMA), Mr. Barkindo Mohammed, stated that “As of 5pm on Thursday, SEMA evacuated 3,683 persons from their homes in a rescue operation. The search and rescue operation is still ongoing.

 

“The mode of rescue involves motorists, boats, canoes, divers, military, and fire service trucks, among others. As the water continues to recede, we are concentrating on those who make distress calls and will start search and rescue today and tomorrow,” Mohammed said.

 

According to him, about two million people were affected, and so far, SEMA has opened 14 official camps and many informal camps where displaced persons can go. He said that the Federal Government has supported the state with N3 billion and food consignments.

 

“President Bola Tinubu has supported Borno and other states with N3 billion each. Governor Babagana Zulum of Borno State has forwarded the money to SEMA, and he has added more on what the federal government gave. We are not only responding to the flood victims in Maiduguri but also in Local Government Areas across the state,” Mohammed said.

 

In early December 2022, the Dangote-led Presidential Committee on Flood Relief and Rehabilitation (PCFRR), known as Dangote Flood Committee had commenced the distribution of relief materials, worth N1.5 billion to victims of flooding nationwide. The PCFRR, which was established by the Federal Government following the 2012 flooding, is co-chaired by Aliko Dangote and renowned legal giant, Dr. Olisa Agbakoba.

 

Business

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

Published

on

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

 

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

 

 

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

 

 

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

 

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

Continue Reading

Business

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

Published

on

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

 

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

Continue Reading

Business

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

Published

on

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.
The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.
“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.
The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.
Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.
The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.
This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.
Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

Continue Reading

Cover Of The Week

Trending